peds told the republican national convention at all only president donald trump could maintain order. without iraq to date up next it is business news with my colleague monica jones there's also always more on our website w dot com you can also follow us on twitter and instagram at g.w. news i'm sarah kelly in berlin and thanks for watching. we know that this is a scary time for the coronavirus is changing the world changing our lives so please take care of yourself good systems wash your hands if you can stay at home we're do w. me for here we are working tirelessly to keep you informed on overcrowding and

we're all in this to run together and will make it through. still usage of a gun in the stays in history so stay safe increase means to say. ok. the chief executive of chick talk steps down kevin's mayor has resigned his post image pressure from the trump administration and accusations that a video platform is a threat to u.s. national security also coming up deloris has one of the lowest poverty rates in europe is soft yet era economy sustainable in the 21st century we asked an expert in moscow. and switzerland has so far managed to shield its economy from the coronavirus pandemic by the. second quarter g.d.p.

plunged more than 8 percent take a closer look at the alpine nation. welcome to the business i want to get jones in berlin good to have you with us now less than 4 months after joining tick talk with great fanfare kevin maris quitting the chinese video app to talk has been under strong pressure from the trunk of ministration it says to talks bikes down says ties to china make it a national security threat mayor was streaming chief to disney when he joined to talk in june as c.e.o. microsoft and oracle are currently just going to buy to talk which has not stop over 2000000000 downloads in less than 2 years. tells a delay any in frankfurt joins me now for more chelsea are do we know why he stepped down one side to the pressure from the trump administration. well in his statement announcing this resignation and he did mention specifically the changing

political dynamic he says the political landscape has sharply changed in the past several weeks and he just can't envision himself at the company once this likely sale of the u.s. business goes through and for kevin for kevin mayer you know he was really a top executive in the u.s. he was in this upper echelon of executives and he was like he was he was seen as a likely successor to the disney c.e.o. so instead of that job he took this tick tock job and he was supposed to oversee this large expansion of the op and to talk for a long time has been seen as a potential facebook a potential google a really promising company in the year that could become a global superstar so the fact that the once this u.s. sale goes through it will likely be a more china focused business that's not really what he signed up for one u.s.

sale goes through i think that is very important because donald trump has wanted other was you talk he actually goes through that. it seems like he is i think initially when he was making these making these claims it was a little uncertain if it was just a negotiating tactic if he was just trying to pressure to talk to do a sale but he has signed an executive order that says if tick-tock doesn't sell the u.s. business by the middle of september he will ban it so tick-tock really doesn't have any other option they don't want to just shut down its u.s. operations who will buy it is a bigger question we have you know microsoft oracle and in the mix but we likely will see more on this in the coming weeks as the deadline approaches so much as a delay in for food thank you so much. talking of banning other services that come from china coca-cola starbucks wal-mart just a few american companies that could be heard by a u.s.

band of we chat chinese payments and messaging service as according to a new survey from the american chamber of commerce in shanghai 9 out of 10 firms say a ban would hurt communications with staff and customers 4 out of 10 fear their for their bottom lines is present on a trump has given u.s. companies until september the 20th to end all transactions with we chat citing security concerns the company is owned by 10 cent one of china's biggest firms. your foreign ministers are meeting in berlin today to focus on close to home issues and that includes planned sanctions on belarus since the country's controversial presidential elections there have been daily protests against the government with calls for the question cut to step down interesting enough though the country's economy seems better off than some of his affluent west-end neighbors. but there's no end to the protests in further reduce the demonstrators accused terrorists and

president alexander lukashenko has held power for a quarter of a century of electoral fraud they are demanding he resigns took issue income has responded to the protests with threats and arrests of striving investors out of the country and driving down the value of the country's currency today the belarus ruble is worth 20 percent less than half a year ago your people in berlin russo more prosperous today than they were in the wake of the collapse of the soviet union. in the year 2060 percent of the population was considered poor but that figure could fall into below one percent by 2013. a comparison to eastern europe and central asia where 47 percent lived on less than $5.00 a day back then fewer than in berlin reuss but by 23rd. poverty levels there had only dropped to 14 percent leaving by the roots far ahead of the average. however

the country's state subsidized businesses were behind the higher incomes and lower unemployment something many would call false accounting and bella reuss is still heavily dependent on russia especially for energy. of war i'm joined by maxine a son who called a fellow at the carnegie moscow center and deputy editor of carnegie dot roof good to have you with us let's start with the amazingly low poverty rate in belarus now a report just cited a wealth bank a study from 2013 the public the rates there was a one percent does that still hold in 2020 and and how did bellerose manage to bring the rates down since also drastically lower yes i think it's still it's still hopes molestation report is almost absent and bill are and the main reason for that is there to. preserve many social qualities from this show your tax drain russian subsidies helped him a lot in doing that but still we could hardly call bill the russians decide if you

broke for us it was part of the russians or the russian people are frustrated by their low income and by the absence of opportunities to improve this week or. every real income over the last decade has been stagnating in. our which contributed to a lot you know a lot of the current discontent so you don't have extreme politics but you have a wasp are getting very little ok so people aren't as well off as many feel they should be let's just briefly also talk about the country's currency because we hear that those protests are driving investors out of the country who actually are these investors who is investing in belarus. the right of ash to surprisingly because miller which has quite well you can't you do labor force if disciplined it's relatively cheap so people are investing from there from abroad most of them are russians cheney's there are also westerners. more robo before the elections

bill refused to have irreparably developing i.q. sector and look at himself has introduced quite a few laws helping to develop this sector but the elections demonstrated that it's very difficult to combine our kike political system reason modern technology and now people people and businesses all even. i write will live with about half a minute to go next and what happens if the protests are actually successful and the opposition will get in power or this is really a very difficult surrounded to navigate because current is the protesters are united only by one wish to get rid of the question but they what to do next are very different the raw workers from state and deprives who want to ban privileges a should the artist from bro western circles day want to privatize replanned as much as possible the current economic model is unsustainable and it's

a drift no understanding of how to fold in bed to wait all right maxime as some articles there from the carnegie moscow center thank you so much. and. when even the swiss economy is suffering doing this pandemic in the 2nd quarter the country's g.d.p. plummeted more than any 2 percent in those figures just came out that even more surprising given the fact that the country so far whether the crisis better than many of its neighbors. look or know when august the world famous film festival was held for the most part digitally due to the coronavirus pandemic but some of its did take place in the real world in movie theaters around 6000 visitors came to the swiss city and the festival president says that generates income which supports the film industry kernan owns. and we couldn't allow ourselves to just lean back and say ok we'll start again next year you name in the nonnes next this yacht

either i'll. bet no one would have accepted that and nobody would have understood. dushkin last in the. month of stand and quite the opposite we have to fight even more and make more investments and it's not made in this the in switzerland's recipe for success was that it began early on to gradually end the lock down and get public life back on track that's one of the reasons why the economy made it through the crisis better than many other european economies. the country also has a famously strong banking sector it's providing companies with bridging loans worth billions of swiss francs pharmaceuticals and chemicals are also important pillars of the swiss economy and both the scape the coronavirus slump relatively unscathed compared to other industries still things aren't yet back to normal there switchover instore sector has suffered enormously observers say unemployment is once again on the rise and swiss exports will continue to do badly as long as the

pandemic means other countries are buying less. and the past which brought you stories of enterprising brew is turning their stock into alcoholic handwash due to the pandemic of course but one australian brewery has been converting its being into something altogether different energy. the bin is flowing again at pirate brewery in adelaide belong down brought a drink a drought by. anymore it was it was tough you know what 50 percent of our sales right there just disappeared out the door. the brewery was left with gallons and gallons of excess brew but they found a solution they sent it here to the waste water plant where it can be used to generate green energy. as anyone who's have a drank too much of it knows there is great for producing gas and that's what happens here it's mixed with sludge and the gas that creates is used in the

generators that power the entire plant. it's a great way to take and that waste into energy so it does help us without carbon footprint just isn't environmentally friendly why scott at this mess in the biz generated enough energy to power the equivalent of 1200 homes but now the taps are running again at the brewery the locals think they have a better use for it. is to that that's your business update here and g.w. and this thanks for watching. the

for. hunting to the next field searching for the newest trend to your success and other huge fish but that was before chrome now consuming has grown to a halt and businesses are fighting to survive. what will happen if the closers redefines machinery.

it's not much fun hitting the stores at the moment and if it was for me it just got more stressful having to wear a mask keeping your distance from everyone else plus online shopping is proof.